Amsterdam-based Peak is branching out beyond its traditional Benelux region focus with a €66 million fund that specifically focuses on German startups. Seeking to form a bridge between two of Europe’s booming startup hubs, Berlin and Amsterdam, Peak is offering tickets between €250,000 and €4 million to SaaS and platform startups. A large portion of the fund will be reserved for follow-on rounds from pre-seed to Series B.
Founded in 2008, Peak has made 34 successful investments to date across four funds. The firm reports that all of its investments are thriving in and/or have successfully exited with zero failures to date. Peak's investments include: Catawiki (exit to Permira), Studocu, who recently raised $50 million, OneFit, United Wardrobe (acquired by Vinted), Radionomy (acquired by Vivendi) and IENS (acquired by TripAdvisor).
Peak is addressing the issue that a number of German startups face, early-stage funding. They’re certainly not alone in the space, but Peak is seeking to position itself as the go-to when it comes to first-round investments in the German space.
"We have been around for 14 years, built an international team, and invested across Europe, but this is our first office outside of Amsterdam. We deliberately chose Berlin over Paris or London. Being from Amsterdam, it is natural for us to grow in Europe by taking our next step in Germany - here lies the European economic powerhouse and there is enormous innovative momentum. This is exactly what we are looking for in the companies and teams we invest in and which we want to take to a new level together," commented Peak Capital co-founder and managing partner Johan van Mil.
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